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consumer sales for cars and kitchen stoves, you bet. but you can blame the government federal spending was way down in the last quarter, especially on what? defense. the pentagon spent almost 13% more than normal in the third quarter, but at the end of the year, defense spending suddenly dropped 22%. that's the biggest drop in defense spending since 1972. the private sector did its part to grow the economy. families worked hard. they spent some money. businesses made some investments. but government spending dipped and pulled the entire economy down with it. less spending caused less growth. but republicans like paul ryan keep saying, well, these cuts are going to boost the growth. >> we're not preaching austerity. we're preaching growth and opportunity. our job, our goal is to prevent and preempt austerity so we can get back to growth. >> really? countries like greece, italy and spain and france have done exactly what ryan wants this country to do. they cut government spending to pay off their debt. now the eurozone has posted record u
consumer sales for cars and kitchen stoves, you bet. but you can blame the government federal spending was way down in the last quarter, especially on what? defense. the pentagon spent almost 13% more than normal in the third quarter, but at the end of the year, defense spending suddenly dropped 22%. that's the biggest drop in defense spending since 1972. the private sector did its part to grow the economy. families worked hard. they spent some money. businesses made some investments. but...
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so the question is how long do we make this bet? >> robert reich writes about consumer confidence in "the huffington post." "the stock market is bullish because corporate profits are up, costs are down, the fiscal cliff agreement has locked in low taxes for most of the upper-middle class and wealthy, and there's no sign of inflation as far as the eye can see. but corporate profits can't stay high when american consumers whose spending is 70% of the u.s. economy are this pessimistic about the future. they're just not going to spend. american companies won't be able to make up the difference in forward markets. europe is careening into a recession. japan is still in deep trouble. china's growth has slowed. profits are the highest share of the u.s. economy on record. wages are the lowest. but this imbalance can't and won't last. >> can't and won't. and look what's happening on wall street. they're doing better, willie, than ever before. >> mm-hmm. >> ever before. for the past four years, wall street has exploded over the past four year
so the question is how long do we make this bet? >> robert reich writes about consumer confidence in "the huffington post." "the stock market is bullish because corporate profits are up, costs are down, the fiscal cliff agreement has locked in low taxes for most of the upper-middle class and wealthy, and there's no sign of inflation as far as the eye can see. but corporate profits can't stay high when american consumers whose spending is 70% of the u.s. economy are this...
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and it seems that the tea party is receding a bit and you can bet that ted cruz will catch that wave. >> just as a follow-up to that, dana, in "the washington post" today there was an interesting story about the sort of fine line that cruz is actually trying to walk in terms of on the one hand the tea party but on the other hand sort of taking a vice chair position with the national republican senatorial campaign committee, which we know jim demint refused to do. so he seems like he's trying to play it very carefully here. >> it's huge ambition, and the idea of embracing the tea party, look, this guy is not a fire breather. he's from the ivy league, from harvard law school. there's not a lot of evidence of outrageous political views in his past. he's doing it because that's where the power is in the party right now. and as soon as people start to realize that the power is shifting elsewhere, ted cruz will tone it down as well. the fact of the matter is if you want to be a success in today's republican party, you are still far more worried about primary challenges on the right than you
and it seems that the tea party is receding a bit and you can bet that ted cruz will catch that wave. >> just as a follow-up to that, dana, in "the washington post" today there was an interesting story about the sort of fine line that cruz is actually trying to walk in terms of on the one hand the tea party but on the other hand sort of taking a vice chair position with the national republican senatorial campaign committee, which we know jim demint refused to do. so he seems...
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. >> you bet. >>> when we return, let me finish with the most powerful republican in the u.s. senate who could be taken down by his own party. you're watching "hardball," the place for politics. [ female announcer ] going to sleep may be easy, but when you wake up in the middle of the night it can be frustrating. it's hard to turn off and go back to sleep. intermezzo is the first and only prescription sleep aid approved for use as needed in the middle of the night when you can't get back to sleep. it's an effective sleep medicine you don't take before bedtime. take it in bed only when you need it and have at least four hours left for sleep. do not take intermezzo if you have had an allergic reaction to drugs containing zolpidem, such as ambien. allergic reactions such as shortness of breath or swelling of your tongue or throat may occur and may be fatal. intermezzo should not be taken if you have taken another sleep medicine at bedtime or in the middle of the night or drank alcohol that day. do not drive or operate machinery until at least 4 hours after taking intermezzo and y
. >> you bet. >>> when we return, let me finish with the most powerful republican in the u.s. senate who could be taken down by his own party. you're watching "hardball," the place for politics. [ female announcer ] going to sleep may be easy, but when you wake up in the middle of the night it can be frustrating. it's hard to turn off and go back to sleep. intermezzo is the first and only prescription sleep aid approved for use as needed in the middle of the night when...
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who might associate themselves with his group is because if wayne lapierre is paying attention, and i bet he is, he knows the nra stands very much alone in this country in opposing universal background checks for buying a gun. the last cbs news/"new york times" poll showed that nine out of ten americans, 92% support universal background checks for buying a gun. among nra members, his own members, 86% believe that anybody buying a gun should have to undergo a background check. which is why wayne lapierre does not want to answer a straight question about it. 86% of my members want this, but i'm against it because i'm a -- hey, nice tie. let's move on. after the president unveiled the administration's list of proposed reforms related to gun violence, the conventional wisdom was, and still is to a great extent, ah, this is doomed. there is no way any of this can get done. but pressure, public pressure is working in certain corners of the gun policy debate. and one of those corners may end up being specifically universal background checks, the centerpiece of what the president has proposed the
who might associate themselves with his group is because if wayne lapierre is paying attention, and i bet he is, he knows the nra stands very much alone in this country in opposing universal background checks for buying a gun. the last cbs news/"new york times" poll showed that nine out of ten americans, 92% support universal background checks for buying a gun. among nra members, his own members, 86% believe that anybody buying a gun should have to undergo a background check. which is...
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. >> i bet everything i have on hillary's running. richard, thank you very much. >>> coming up, the man who will replace john kerry in the united states senate. and in the rewrite tonight, the testimony that should have been heard by the senate today that actually was heard by the connecticut legislature tonight. we will bring you the moving testimony, just given a few hours ago by one of the parents of one of the kids killed at sandy hook elementary school. that is next. ke you feel alive. meet the five-passenger ford c-max hybrid. c-max says ha. c-max says wheeee. which is what you get, don't you see? cause c-max has lots more horsepower than prius v, a hybrid that c-max also bests in mpg. say hi to the all-new 47 combined mpg c-max hybrid. i haven't thought about aspirin for years. aspirin wouldn't really help my headache, i don't think. aspirin is just old school. people have doubts about taking aspirin for pain. but they haven't experienced extra strength bayer advanced aspirin. in fact, in a recent survey, 95% of people who trie
. >> i bet everything i have on hillary's running. richard, thank you very much. >>> coming up, the man who will replace john kerry in the united states senate. and in the rewrite tonight, the testimony that should have been heard by the senate today that actually was heard by the connecticut legislature tonight. we will bring you the moving testimony, just given a few hours ago by one of the parents of one of the kids killed at sandy hook elementary school. that is next. ke you...
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. >> i bet everything i have on hillary's running. richard, thank you very much. >>> coming up, the man who will replace john kerry in the united states senate. and in the rewrite tonight, the testimony that should have been heard by the senate today that actually was heard by the connecticut legislature tonight. we will bring you the moving testimony, just given a few hours ago by one of the parents of one of the kids killed at sandy hook elementary school. that is next. nurses are dealing with a wider range of issues. and there are ever-changing regulations. when you see these challenges, do you want to back away or take charge? with a degree in the field of healthcare or nursing from capella university, you'll have the knowledge to advance your career while making a difference in the lives of patients. let's get started at capella.edu. and save hundreds with our best offer yet, now extended due to popular demand. get an adt security system starting at just $49 installed, but only for a limited time. that's an instant savings of $25
. >> i bet everything i have on hillary's running. richard, thank you very much. >>> coming up, the man who will replace john kerry in the united states senate. and in the rewrite tonight, the testimony that should have been heard by the senate today that actually was heard by the connecticut legislature tonight. we will bring you the moving testimony, just given a few hours ago by one of the parents of one of the kids killed at sandy hook elementary school. that is next. nurses...
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christopher william riordan says betting squares, chicken wings, and commercials. >> no football? >> no football. get on facebook and let us know what you think. tomorrow you will learn our take on the oddsmakers, the commercials. >>> up next, stop the presses, krystal ball says ronald reagan was right. why do i suspect there is a catch here? yes she is, yes she. [ bop ] [ male announcer ] could've had a v8. 100% vegetable juice, with three of your daily vegetable servings in every little bottle. and you'll dump your old broom. but don't worry, he'll find someone else. ♪ who's that lady? ♪ who's that lady? ♪ sexy lady ♪ who's that lady? [ female announcer ] swiffer sweeper's electrostatic dry cloths attract and lock dirt, dust, and hair on contact to clean 50% more than a broom. it's a difference you can feel. swiffer gives cleaning a whole new meaning. and now swiffer wet and dry refills are available with the fresh scent of gain. >>> new gdp numbers were released yesterday, and for the first time since the depth was of the financial crisis in 2009, the economy actually s
christopher william riordan says betting squares, chicken wings, and commercials. >> no football? >> no football. get on facebook and let us know what you think. tomorrow you will learn our take on the oddsmakers, the commercials. >>> up next, stop the presses, krystal ball says ronald reagan was right. why do i suspect there is a catch here? yes she is, yes she. [ bop ] [ male announcer ] could've had a v8. 100% vegetable juice, with three of your daily vegetable servings...
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. >> you bet. >>> when we return, let me finish with the most powerful republican in the u.s. senate who could be taken down by his own party. you're watching "hardball," the place for politics. [ male announcer ] you are a business pro. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ male announcer ] just like you, business pro. just like you. go national. go like a pro. i wish my patients could see what i see. ♪ that over time, having high cholesterol and any of these risk factors can put them at increased risk for plaque buildup in their arteries. so it's even more important to lower their cholesterol, and that's why, when diet and exercise alone aren't enough, i prescribe crestor. in a clinical trial versus lipitor, crestor got more high-risk patients' bad cholesterol to a goal of under 100. [ female announcer
. >> you bet. >>> when we return, let me finish with the most powerful republican in the u.s. senate who could be taken down by his own party. you're watching "hardball," the place for politics. [ male announcer ] you are a business pro. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car in the aisle...and go. you can even take a...
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the betting is that president obama won't gate assault weapons ban but that this could be the democrats' ticket to winning back the house in 2014. not that this is a calculated way to win, but when you hear kay lynn jones talk about her friend mowed down in front of them, we hear the hearings in connecticut, if a deal is not reached, some kind of reasonable, common sense deal, might we see a change in the house? is that the only way to take care of some of the business at hand, important, urgent business? >> that can certainly happen. it does seem like the white house is not only looking at 2014, but 2016. around this issue. and engaging that obama coalition. for so long, the passion and enthusiasm had been on the gun lobby side and now you see on the gun control side. i think there had, i think, in some ways been a bit of an apprehension and linking sandy hook to the things going on in chicago for many, many years. over the last three years. 270 school-aged children in chicago have been gunned down. >> yeah. >> that's many, many, many sandy hooks and so i think this incident tragic as
the betting is that president obama won't gate assault weapons ban but that this could be the democrats' ticket to winning back the house in 2014. not that this is a calculated way to win, but when you hear kay lynn jones talk about her friend mowed down in front of them, we hear the hearings in connecticut, if a deal is not reached, some kind of reasonable, common sense deal, might we see a change in the house? is that the only way to take care of some of the business at hand, important,...